Illinois Storm Victims Eligible for SBA Disaster Loans
Published Date: 7/16/2026
Notice
Summary
Illinois got hit hard by storms and tornadoes on June 11, 2026, and now the government is stepping in to help. People and businesses in Cook, LaSalle, and nearby counties can apply for low-interest disaster loans to fix damage or cover lost income. You’ve got until September 8, 2026, to apply for physical damage loans and until April 12, 2027, for economic injury loans—so don’t wait!
Analyzed Economic Effects
4 provisions identified: 4 benefits, 0 costs, 0 mixed.
Physical Disaster Loans Available
If you live in the counties the SBA listed (primary: Cook and LaSalle; plus the contiguous counties named), you can apply for SBA physical disaster loans to repair damage from the June 11, 2026 storms. Physical loan applications are due by September 8, 2026, and interest rates in this declaration include 5.750% for homeowners with credit available elsewhere and 2.875% for homeowners without credit available elsewhere.
Business Disaster Loan Terms (Physical)
Businesses and private nonprofit organizations in the listed Illinois and Indiana counties can apply for SBA physical disaster loans to fix storm damage. The declaration lists interest rates such as 8.000% for businesses with credit available elsewhere and 4.000% for businesses without credit available elsewhere; the physical loan application deadline is September 8, 2026.
Economic Injury (EIDL) Loans Open
Businesses, small agricultural cooperatives, and private nonprofit organizations in the declared areas may apply for Economic Injury Disaster Loans (EIDL) to cover lost working capital. EIDL applications are due by April 12, 2027, and the declaration lists interest rates for EIDL such as 4.000% for businesses and small agricultural cooperatives without credit available elsewhere and 3.625% for private non-profit organizations without credit available elsewhere.
Where and How to Apply
You can apply for the SBA disaster loans online at the MySBA Loan Portal (https://lending.sba.gov) or in person at locally announced locations; call 1-800-659-2955 or email [email protected] for help. If you are deaf, hard of hearing, or have a speech disability, use 7-1-1 to access relay services.
Personalized for You
How does this regulation affect your finances?
Personalize government policy and PRIA will tell you what this federal register document means for your household, plus every other regulation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
2026-17755, Presidential Declaration of a Major Disaster for the State of Indiana
This is notice of the Presidential declaration of a major disaster for the State of Indiana (FEMA-4933-DR), dated August 25, 2026. Incident: Severe Storms, Straight-line Winds, Tornadoes, and Flooding.
2026-17731, Rescinding Unnecessary Notice and Comment Procedures
This final rule rescinds the Administration's policy of engaging in notice and comment rulemaking even where the Administrative Procedure Act does not require notice and comment rulemaking. As a result of this final rule, the Administration will follow the default requirements of the Administrative Procedure Act. The Administration will reserve the right to engage in voluntary notice and comment rulemaking even where not required by the Administrative Procedure Act as a matter of policy on a case by case basis.
2026-17489, Administrative Declaration of an Economic Injury Disaster for the State of Kansas
This is notice of an Economic Injury Disaster Loan (EIDL) declaration for the state of Kansas dated August 21, 2026. Incident: Severe Storms, Straight-line Winds, Tornadoes, Large Hail, and Flooding.
2026-17314, Presidential Declaration Amendment of a Major Disaster for Public Assistance Only for the State of Mississippi
This is an amendment of the Presidential declaration of a major disaster for Public Assistance Only for the State of Mississippi (FEMA-4922-DR), dated June 30, 2026. Incident: Severe Storms, Straight-line Winds, Tornadoes, and Flooding.
2026-17271, Administrative Declaration of a Disaster for the Commonwealth of Pennsylvania
This is notice of an Administrative declaration of a disaster for the commonwealth of Pennsylvania dated August 19, 2026. Incident: Severe Storms and Flooding.
2026-17106, Administrative Declaration of a Disaster for the State of Illinois
This is notice of an Administrative declaration of a disaster for the state of Illinois dated August 18, 2026. Incident: Severe Storms.
Previous / Next Documents
Previous: 2026-14328, Notice of Petition for Waiver of Compliance
CSX Transportation asked the Federal Railroad Administration to let some of their long-haul trains run up to 1,785 miles before needing certain brake tests and inspections. This change affects trains on approved routes with special safety detectors and aims to keep safety strong while making operations smoother. People can share their thoughts on this by September 14, 2026.
Next: 2026-14332, National Register of Historic Places; Notification of Pending Nominations and Related Actions
The National Park Service is asking for your thoughts on historic places nominated before July 4, 2026, to be added to the National Register of Historic Places. If you care about preserving cool old buildings or sites, now’s your chance to comment by July 31, 2026. This process helps protect important places without costing you a dime, but your voice matters!